3101 - 3111 N Central Avenue - CBIZ Plaza, Phoenix, AZ

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3101 North Central is a Class “A” office project consisting of a 16-story office Tower and 2-story Annexbuilding located on the northeast corner of North Central Avenue and Earll Drive. The Property’s strategiclocation offers immediate access to the Papago (I-10) and Maricopa (1-17) freeways, a number of stateand U.S. highways, and is a 15 minute drive from the sky Harbor International Airport. Adjacent to ParkCentral Mall A variety of restaurants and retail options nearby Duck & Decanter deli Blocks from thePhoenix Country Club St. Joseph's Medical Center Easy access to multiple freeways.

CBIZ Plaza is a high quality multi-tenant high-rise office project that fronts along Phoenix’s prized Central Avenue in the popular Downtown North/Midtown submarket. The property consists of 266,321 SF in a 16-story tower and a two-story low-rise building.

Central Avenue is a primary arterial that anchors multiple trade areas within Central Phoenix. The vast and exciting collection of properties that line Central Avenue for several miles collectively make up what is commonly referred to as the ‘Central Corridor’. CBIZ Plaza is strategically positioned in the heart of Downtown North’s most sought after one-half mile strip of the Central Corridor, that runs between Osborn and Thomas Roads. This half mile strip is anchored by Park Central—the trade area’s primary focal point and amenity source.

The Central Corridor is one of the most rapidly transforming urban infill hot spots in Phoenix. With the 2008 completion of the Metro light rail system, Downtown North and the Central Corridor quickly evolved into a true transit-oriented location. This enabled it to capture massive commercial and residential demand, seeking walkable urban environments with the convenient option of mass transportation. This intense demand is evident by the massive amount of office absorption, new residential development and the addition of dozens of hip new restaurants that the trade area has experienced in recent years.

The tower’s northern facade utilizes a three-plane design to thoughtfully capture sweeping views to the north and northeast. The southern facade has two planes with deeply set back ribbon windows to shield spaces from sun exposure while still enjoying the prominent views to the south.

The property is currently ±78% leased and is well positioned for income growth by expanding upon the current ownership’s recent strategy of constructing move-in-ready ‘spec suites’ for lease. Further upside potential exists in rollover of existing leases to higher future market rents at the hands of the powerful infill recovery underway and shrinking supply.